What is Forking to Distribute Candy (Fork and Forking)?

08/13/2023 21:18 • Tech Trends • 65 views

What is forking to distribute candy? Bitcoin core developers recently mentioned that they will fork to distribute candy at block height 530000. Divisions have already emerged and Ethereum founder Vitalik Buterin also announced their plan to conduct a hard fork next week (expected date is January 8, 2021) and initiate a “vote” within the community to change this statement: if the community decides to allow this situation to occur (such as supporting BeaconChain of EIP-1559).

This split is a controversial topic as it is closely related to the development direction of blockchain. However, from a technical perspective, it does not completely align with the vision of internet development, so we should not consider blockchain development as just a joke.

Forking

Editor’s note: This article is from the Fenghuo Lun Community (ID: FHBT18), written by Peipei, authorized repost by Odaily Star Daily.

Everyone is forking now? Now it seems that if we really want to create a new coin, we have to find the next one.

Hi, I’m Peipei. Today, I saw news that a certain project team and the Ethereum Foundation jointly released a token codenamed “0x9d5b6ec4a1f7ba2ca3fe”. It is actually a very small token, but behind it, there is indeed a “block producer”, which is used by miners for mining, trading, or staking. This is the address of many so-called forked coins currently in the market. These addresses belong to the same group of people, but there is actually no difference, because the white paper of this project has been updated many times and some things are quite close to Bitcoin.

And the most crucial issue in my opinion is whether if this type of token is really accepted by mainstream institutions, will it affect the price of cryptocurrencies? I think we can consider it from two perspectives:

The first aspect is that if a team does not have the ability to control the on-chain network, such as big holders like Ethereum, they will have a huge impact on the ecosystem. Secondly, if a team itself is not particularly smart, it will also lead to significant losses or even zero assets within the ecosystem. However, if the team is a node with experienced developers, it is definitely more likely to be attacked or closed than most other small companies, so they probably won’t give most of the funds to themselves. The third aspect, which is the most important issue, is that codes vulnerabilities, known by those who are not familiar with blockchain, should not be considered frauds. The fourth point to be aware of is that recently some projects seemingly have started to try to transform the Ethereum network using new technology and make some modifications, including the emergence of new features about Ethereum 2.0 in the past few months. Of course, there are also a few projects that choose to continue following their own development roadmap. Also, EthereumCatHerders is researching how to make smart contracts more complex. It is reported that the project is planning to launch a decentralized application called MetaMask. In addition, Ethereum founder Vitalik Buterin also stated on Twitter that he will release more information about his Ethereum wallet.

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What is Forking to Distribute Candy (Fork and Forking)?

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